Hitchcock Public Library

Analysis

Hitchcock Public Library is a registered charity in United States, based in Hitchcock, TX. It received its IRS tax-exemption ruling in September 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Hitchcock Public Library reported income of $176k and spending of $201k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $175k to $176k (+0.5%), an average of +0.1% a year. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hitchcock Public Library sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Faith Christian Academy Inc ($176k), National Association for African American Studies ($176k) and Foundation for Advanced Continuing Education ($176k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 3.2% of the total. Other salaries and wages came to $79k. At year end it held assets of $897k against liabilities of $2,603, net assets of $895k. It reported 7 employees.